Financial highlights - Group

Income statement          
(Amounts in percentage of average assets)
 Q3 2019Q3 201830.09.201930.09.20182018
 NOK million%NOK million%NOK million%NOK million%NOK million%
Net interest income3511.912901.639751.788701.681 1791.70
Net commission and other operating income550.30560.331590.301550.302070.30
Net return on financial investments80.0450.02590.10370.07410.06
Total income4142.253511.981 1932.181 0622.051 4272.06
Total operating costs1610.871520.864780.874510.876030.87
Profit before impairment on loans2531.381991.127151.316111.188241.19
Impairment on loans, guarantees etc.160.0970.04350.0640.01160.02
Pre-tax profit2371.291921.086801.256071.178081.17
Profit after tax1800.981490.845210.964640.906050.88
Statement of financial position
(NOK million)30.09.2019% change YTD 201931.12.2018% change during last 12 months30.09.2018
Total assets 5)73 1442.971 0744.769 876
Average assets 5)72 8155.069 3735.569 037
Loans to and receivables from customers63 6475.560 3466.759 624
Gross loans to retail customers43 6214.141 9175.841 242
Gross loans to corporate and public entities20 2348.718 6168.918 585
Deposits from customers36 1475.034 4144.234 684
Deposits from retail customers21 6314.920 6244.420 716
Deposits from corporate and public entities14 5165.313 7903.913 968
Key figures and alternative performance measures (APMs)
 Q3 2019Q3 201830.09.201930.09.20182018
Return on equity (annualised) 4) 5)11.810.311.610.910.6
Cost income ratio 5)39.043.440.142.542.3
Losses as a percentage of loans (annualised) 5)
Gross problem loans as a percentage of loans1.430.571.430.570.62
Net problem loans as a percentage of loans1.070.421.070.420.46
Deposit-to-loan ratio 5)56.858.256.858.257.0
Liquidity Coverage Ratio (LCR)125122125122158
Lending growth as a percentage 5)
Deposit growth as a percentage 5)-
Capital adequacy ratio 1) 2)19.019.419.019.419.6
Tier 1 capital ratio 1) 2)17.017.417.017.417.6
Common Equity Tier 1 capital ratio (CET1) 1) 2)15.415.815.415.816.0
Leverage Ratio (LR) 2)
Equity Certificates (ECs)      
Profit per EC (Group) (NOK) 3)25.6022.8529.8027.7028.8025.25
Profit per EC (Parent Bank) (NOK) 3)25.9023.3028.3527.0029.8525.70
EC fraction 1.1 as a percentage (Parent Bank)49.649.649.649.649.649.6
EC capital (NOK million)988.70988.70988.70988.70988.70988.70
Price at Oslo Stock Exchange (NOK)309288283262254188
Stock market value (NOK million)3 0552 8472 7982 5902 5111 859
Book value per EC (Group) (NOK) 5)313296303289275257
Dividend per EC (NOK)15.5014.0015.5014.0014.0011.50
Price/Earnings (Group, annualised)
Price/Book value (P/B) (Group) 3) 5)0.990.970.930.910.930.73
1) Calculated according to IRB in Basel II incl. transitional rule in Basel I. IRB for mass market from 31st March 2015 and IRB Foundation for corporate commitments from 30th June 2014.
2) Incl. 50 per cent of profit after tax
3) Calculated using the EC-holders' share (49.6 %) of the period's profit to be allocated to equity owners.
4) Calculated using the share of the profit to be allocated to equity owners.
5) Defined as alternative performance measure (APM), see attachment to the quarterly report.